Commercial property for sale in Lanark Delivery Office, 1 Home Street, Lanark, South Lanarkshire ML11
Just added* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Prime Location
- Excellent Accessibility
- Standalone Distribution Warehouse
- Heritable Interest - Fully Leased to Royal Mail Group Ltd
- Passing Rent £37,200 per annum
Property description
This modern warehouse spans 10,199 sq ft (948 sq m) and boasts the following features:
Fully Secure Yard:
Ideal for safeguarding goods and equipment.
Modern Tenant Fit-Out:
Ensures an efficient workspace.
4.6m Eaves Height:
Ample vertical space for storage and operations.
Dedicated Car Parking:
Convenient parking for staff and visitors.
Current Rent:
The passing rent is £37,200 per annum (£3.64 per sq ft) until August 2025. Subsequently, it will increase to £42,500 (£4.16 per sq ft) with an upward-only open market rent review in August 2030. The vendor will ensure the rent reaches £42,500 per annum upon sale
Royal Mail recently extended the lease by 10 years,
demonstrating their long-term commitment to the
building, consolidating their operations in the
surrounding areas into this unit. The agreed rent is
significantly below the current market rate, offering
future potential for appreciation for any purchaser.
The warehouse now serves as a critical delivery office,
covering Lanark, Carluke, and Biggar
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Graham + Sibbald, EH3 on +44 131 268 8530 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham + Sibbald, and do not constitute property particulars. Please contact Graham + Sibbald for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.